Mortgage rates continue to be at low levels and are slightly improved compared to last Monday’s rate post. Here are some of the economic indicators that may influence the direction of mortgage interest rates this week:
What May Impact Mortgage Rates this Week: July 14, 2014
July 14, 2014 by 1 Comment
What May Impact Mortgage Rates this Week: July 7, 2014
July 7, 2014 by 1 Comment
I hope you and your family had a fabulous holiday weekend. We began our holiday on our boat at Liberty Bay in Poulsbo with a beautiful display of fireworks on July 3rd – it was a lot of fun.
What May Impact Mortgage Rates this Week: June 23, 2014
June 23, 2014 by Leave a Comment
Mortgage rates are based on mortgage backed securities (bonds) and often change throughout the day. Since they are based on bonds, mortgage rates will often improve when the stock markets are deteriorating as investors will trade the safety of bonds for the potential greater return found with stocks. The reverse is also true. World events as well as scheduled economic indicators may impact the direction of mortgage interest rates. Watch for signs of inflation, which erodes the value of bonds and therefore, causes mortgage rates to trend higher.
What May Impact Mortgage Rates this Week: June 16, 2014
June 16, 2014 by Leave a Comment
The International Monetary Fund (IMF) has just reduced their forecast for the US GDP from 2.8% to 2.0% due to weaker than expected first half of the year. The bond market seems to be shrugging this off with a much stronger than expected report from the Empire State Index. Mortgage backed securities may also be getting support from increased tensions in the Ukraine. Remember, investors will often seek the safety of bonds over stocks when global issues are causing concerns.
What May Impact Mortgage Rates this Week: June 9, 2014
June 9, 2014 by 1 Comment
This week’s economic calendar appears to be on the lighter side.
- Thursday, June 12: Retail Sales and Initial Jobless Claims
- Friday, June 13: Producer Price Index (PPI) and Consumer Sentiment Index (UoM)
Mortgage rates are still at very low levels. [Read more…]
What May Impact Mortgage Rates this Week: June 2, 2014
June 3, 2014 by Leave a Comment
I am writing this post from the 2014 Flat Coat Retriever Specialty competition in Albany Oregon. This photo is from this morning’s sweepstakes for 6-9 month old puppies and I”m pleased to share with you that Hitch and I took 4th place out of 16 puppies. Not too bad for our first show (both rookies). This has nothing to do with mortgages but I’m so proud of my puppy, that I just had to share this with you.
Okay…back to mortgages and what may impact the direction of rates this week. No economic indicators were released today. Here’s what the rest of the week looks like:
What May Impact Mortgage Rates this Week: May 26, 2014 – Mortgage Rates trending lower
May 28, 2014 by 1 Comment
We begin this week with celebrating Memorial Day, to remember and thank our Veterans and their families for their sacrifices when serving our country.
Here are some of the economic indicators scheduled to be released this week:
What May Impact Rates this Week: May 19, 2014
May 20, 2014 by Leave a Comment
This week we have the following scheduled economic indicators that may impact mortgage interest rates:
- Wednesday, May 21: FOMC Minutes
- Thursday, May 22: Initial Jobless Claims and Existing Home Sales
- Friday, May 23: New Home Sales
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